Suppose the Reserve Requirement Is 15 Percent

question 12

Multiple Choice

Suppose the reserve requirement is 15 percent.Which of the following is true?

• A)The simple money multiplier is 15.
• B)The simple money multiplier is 1/15.
• C)The simple money multiplier is 30,000.
• D)The simple money multiplier is 1/30,000.
• E)The simple money multiplier is 1/0.15.

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Definitions:

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